44 Main in Little Falls — Courtesy: Value Asset Management
By Joshua Burd
A newly built, 34-unit apartment building in Little Falls is now fully leased.
Executives with Value Asset Management announced Monday that the luxury property, 44 Main, had reached the milestone just a few months after its fall debut. The firm, which is the exclusive leasing and management agent for the building, said the response is a sign of the demand for urban-style living in downtown districts.
“There’s unquestionably a growing desire to live in walkable locations with easy access to mass transportation, and it’s not limited to larger cities such as Hoboken and Jersey City,” said Jack Linefsky, vice president of property management for VAM. “Today’s renters are also turning to municipalities just outside New York City’s immediate suburbs where they can find a similar urban-infused environment at much more competitive pricing.
“At 44 Main, we leveraged its location minutes from New Jersey Transit trains with direct service into Manhattan, proximity to a wealth of local shops, dining and services, and luxury apartments in an amenitized building with affordable monthly rents to attract both young renters and local empty-nesters seeking a lifestyle similar to that found in New Jersey’s Gold Coast cities.”
Developed by KV Realty LLC, the three-story building features a lower-level amenity floor with bike storage, a clubroom and lounge with full kitchen and a fully equipped fitness center, the news release said. The development also includes ground-floor retail space.
Value Asset Management, a division of Clifton-based Value Cos., touted the milestone less than a month after announcing that it had overseen lease-up at The Montclarion at Bay Street Station. The firm also oversees leasing and managing for the newly built 40-unit property.